Bharat Electronics - Growth Levers Intact: Motilal Oswal

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.Despite the reduced majority, we expect that the upcoming government’s policy focus on investment-led growth, capex, infrastructure, manufacturing, and defense will continue. Particularly for the defense sector, the government initiated several initiatives in last three-four years, such as indigenisation, higher private sector participation, and increasing defense exports, and we expect a similar focus to continue going forward too. Accordingly, we continue to like Bharat Electronics Ltd. in the defense space, given its presence across highly specialized defense electronics segment. The company’s order inflows for FY24 were far ahead of its guidance, thereby hedging it against any slowdown in order inflows in FY25. With a strong order book, stable gross margin and efficient control over working capital, we expect Bharat Electronics to continue to benefit from defense spending. We thus maintain our estimates and Buy rating on Bharat Electronics with an unchanged target price of Rs 310, based on 35 times two-year forward earnings..Click on the attachment to read the full report:.Jyothy Labs - Sarva Gunn Sampann; HDFC Securities Initiates Coverage With A Buy.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Bharat Electronics - Growth Levers Intact: Motilal Oswal

Defense will continue to be a key focus area for the government

NDTV Profit

NDTV Profit

Follow Us

DOWNLOAD THE APP

Bharat Electronics - Growth Levers Intact: Motilal Oswal

Defense will continue to be a key focus area for the government

Choose a plan

Follow Us

DOWNLOAD THE APP